I wonder why theres not 5000 miners on p2pool, is it because of people cant do the math. Or is it because the difficulty rises every ~10 days and time is money?
Or what do you think the reason might be?
Put that way, the answer has to be that people can't do math.
Difficulty rising will reduce your earnings no matter how you mine. Unless of course you upgrade, which is what a lot of people end up doing (otherwise you won't me a miner for long), in which case again you are looking at a long term proposition to smooth out short term fluctuations in your earnings.
Oh no, I realised that im getting allmost nothing on p2pool with 120gh nowdays - so I swiched to another pool, and now I can expect ~0.10 / 3 days.
p2pool earnings with 120gh - its easy to notice that I was loosing day by day - little but still loosing
2014-01-19 17:13:20
0.00477012 BTC
2014-01-18 23:41:08
0.00479305 BTC
0.00477196 BTC
2014-01-17 06:18:47
0.01245325 BTC
2014-01-16 12:55:33
0.02006893 BTC
2014-01-15 11:45:28
0.01547546 BTC
0.0154557 BTC
0.01545295 BTC
2014-01-14 19:14:27
0.0041062 BTC
0.00410603 BTC
On a normal pool it looks like this:
2014-01-20 12:08:01
0.04748497 BTC
2014-01-21 12:53:48
0.043208 BTC
2014-01-22 18:32:54
0.04321408 BTC
So..
You MUST be vigilant with P2Pool, you aren't going to see the real profit from it until you have run it for at least 30 days.
Note, this is from the following post:
https://bitcointalksearch.org/topic/a-guide-for-mining-efficiently-on-p2pool-includes-fud-repellent-and-faq-153232Patience
If you are beginning on P2Pool you should expect irregular payments which can be frustrating. P2Pool is attracting more and more hashrate (from a low 200GH/s in March 2013 to a high 1.4TH/s in July 2013) but its variance is still somewhat high.
First you should be prepared to mine for a couple of days to check that your configuration is good enough (study the efficiency value displayed by your node's main page). If your efficiency is near or above 100%, you can expect more income on P2Pool than in most traditional pools. The only question for you is how long you are willing to wait for variance becoming negligible. On P2Pool with the current hashrate, you should expect to be in the 80-120% luck range in a couple of weeks. I've never seen P2Pool get <80% luck during more than a month. In 6 months I've seen both near 120% luck in a month and near 80% luck in another. As I wrote elsewhere: add your hashrate by joining us and variance will go down!
Note: P2Pool's payment method is PPLNS, with its current configuration you have to wait approximately 72 hours (on Bitcoin, this changes with other coins) to get the first "full" payments. These payments are mined coins (unlike most other pools), they are usable after 120 confirmations not 6 (but you get them as soon as the block is found which makes them usable as quickly as most other pools).
Over half a year ive been mining on p2pool....
See the numbers, with 120Gh i get more from other pools thats it.
What ever you say, it doesnt change the fact. Numbers wont lie.
500 Gh is the min gear one should have to be able to use p2pool now. Then should have atleast 8 shares a day.
With 120Gh -> 0-3 shares a day, one orphan means 30-50% off.
If that is your idea of good pool for 120Gh - dont tell me.